pension plan
noun
a systematic plan created and maintained, as by a corporation, to make regular payments of benefits to retired or disabled employees, either on a contributory or a noncontributory basis.
Origin of pension plan
First recorded in 1955–60
Words nearby pension plan
pensile,
pension,
pension fund,
pension mortgage,
pension off,
pension plan,
pensionary,
pensioneer trustee,
pensioner,
pensive,
penstemon